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Superannuation

India is 30 per cent overvalued: Citigroup

The Indian market is suffering from too much of a good thing with huge foreign flow of funds into the country making it too expensive to invest in their equities, according to Citigroup.

Fund flows up across most areas: AXA

AXA Asia Pacific Holdings revealed positive fund flows and new business results for the year ended 31 December 2005. Most areas were significantly up on 2004.

ING and Optimix granted RSE licences

ING Australia has been granted Registrable Superannuation Entity (RSE) licences from APRA for its trustee companies, ING Custodians and Optimix Investment Management.

Asgard puts cash first with eCASH and Cash Connect

In a move that cements Asgard Wealth Solution's role as a trendsetter in the platform sector, the group has announced the launch of two cash products designed to help financial planners better manage the cash component of their client's accounts.

Government moves to dampen super tax cut heat

Minister for Finance and Administration, Senator Nick Minchin, has issued a statement seeking to redress remarks he made in a speech on Sunday that were widely reported as a push for government to cut the super contributions tax.

Property groups and advisers get set for scrutiny

High yield fixed interest products and the advisers selling them will come under ASIC's microscope following the widely reported Westpoint debacle, said ASIC's two chief orchestrators.

Russell and IBM enter strategic relationship for fund admin

Russell Investment Group has teamed up with IBM in a seven-year $140m Business Transformation Outsourcing agreement.

Macquarie fund units open for business

Macquarie Direct Property Management Limited (Macquarie Direct Property) has opened the first allotment of units in its open ended direct property fund since raising $236 million in its capital raising since October last year.

INVESCO advances Australia flair

Investors may be seeing an exodus to international equities funds but Rohan Walsh, fund manager at INVESCO Australian Share Fund, says investors can have their cake and eat it too - at home.

Minchin weighs in on super tax cut debate

Senator Nick Minchin has joined industry body, ASFA, in pushing the government to cut the 15 per cent tax on super contributions in a move they claim could add an extra $30 per week to retirement savings.